Financials Siam Wellness Group

Equities

SPA

TH5972010000

Personal Services

End-of-day quote Thailand S.E. 06:00:00 2024-05-30 pm EDT 5-day change 1st Jan Change
7.1 THB -1.39% Intraday chart for Siam Wellness Group -2.07% -8.19%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 8,265 5,942 5,771 10,089 9,918 9,106 - -
Enterprise Value (EV) 1 8,304 6,219 6,183 10,516 9,979 9,464 9,183 8,868
P/E ratio 33.6 x -28.4 x -20.1 x -115 x 29.9 x 28.2 x 24.4 x 23.3 x
Yield 1.03% - - - 1.2% 1.38% 1.56% 2.03%
Capitalization / Revenue 5.97 x 13.9 x 34.4 x 14.2 x 6.86 x 5.22 x 4.57 x 4.16 x
EV / Revenue 6 x 14.6 x 36.9 x 14.8 x 6.9 x 5.43 x 4.61 x 4.05 x
EV / EBITDA 21 x 778 x 90.7 x 39.7 x 17.4 x 13.5 x 12.1 x 10.5 x
EV / FCF 49.6 x -57.4 x -55.9 x 151 x 20.4 x 21.6 x 17.7 x 15.4 x
FCF Yield 2.02% -1.74% -1.79% 0.66% 4.9% 4.63% 5.66% 6.51%
Price to Book 7.3 x 6.56 x 9.33 x - 11 x 7.62 x 6.62 x 5.15 x
Nbr of stocks (in thousands) 1,282,500 1,282,500 1,282,500 1,282,500 1,282,500 1,282,499 - -
Reference price 2 6.444 4.633 4.500 7.867 7.733 7.100 7.100 7.100
Announcement Date 3/1/20 2/22/21 2/28/22 2/27/23 2/26/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,384 426.9 167.6 711.3 1,446 1,743 1,993 2,190
EBITDA 1 396.2 7.996 68.15 265 573.4 702.8 758.4 845.7
EBIT 1 278.6 -198.4 -258.6 -46.71 297.4 390.3 472.6 496
Operating Margin 20.13% -46.47% -154.28% -6.57% 20.56% 22.4% 23.71% 22.65%
Earnings before Tax (EBT) 1 287.5 -211.2 -295.4 -87.06 277.1 375 464.1 506.5
Net income 1 245.5 -209.1 -286.7 -88.03 332.1 335.5 392.3 459
Net margin 17.74% -48.98% -171.06% -12.38% 22.97% 19.25% 19.68% 20.96%
EPS 2 0.1916 -0.1633 -0.2233 -0.0687 0.2587 0.2522 0.2907 0.3044
Free Cash Flow 1 167.5 -108.4 -110.7 69.8 489.1 438 520.1 577.7
FCF margin 12.11% -25.39% -66.04% 9.81% 33.82% 25.13% 26.1% 26.38%
FCF Conversion (EBITDA) 42.29% - - 26.34% 85.31% 62.32% 68.58% 68.31%
FCF Conversion (Net income) 68.25% - - - 147.26% 130.54% 132.57% 125.85%
Dividend per Share 2 0.0667 - - - 0.0927 0.0983 0.1108 0.1444
Announcement Date 3/1/20 2/22/21 2/28/22 2/27/23 2/26/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1
Net sales 1 - 110 132.4 - 195.8 273 320.2 356.3 383.8 385.8 393.9
EBITDA - 27.7 56.34 88.16 77.17 107.6 134.8 139.6 159.4 144.8 -
EBIT 1 - -47.99 -18.56 -62.44 -4.593 26.19 61.46 69.69 86.6 79.63 95.64
Operating Margin - -43.62% -14.01% - -2.35% 9.59% 19.19% 19.56% 22.56% 20.64% 24.28%
Earnings before Tax (EBT) 1 -168.3 - -29.39 -83.67 -16.16 12.77 51.91 59.29 81.46 84.44 92.04
Net income 1 -162.9 -57.44 -29.26 -86.7 -14.98 13.66 50.46 60.12 81.5 140.1 73.97
Net margin - -52.2% -22.1% - -7.65% 5% 15.76% 16.87% 21.23% 36.31% 18.78%
EPS -0.1267 -0.0447 -0.0227 -0.0673 -0.0120 0.0107 0.0393 0.0467 0.0633 0.1087 -
Dividend per Share - - - - - - - - - - -
Announcement Date 8/9/21 5/16/22 8/10/22 8/10/22 11/9/22 2/27/23 5/14/23 8/10/23 11/10/23 2/26/24 5/14/24
1THB in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 39.5 277 412 427 61.4 359 77.5 -
Net Cash position 1 - - - - - - - 238
Leverage (Debt/EBITDA) 0.0996 x 34.6 x 6.042 x 1.61 x 0.1071 x 0.5101 x 0.1022 x -
Free Cash Flow 1 168 -108 -111 69.8 489 438 520 578
ROE (net income / shareholders' equity) 23.4% -20.5% -37.6% -14.8% 45.2% 33.1% 31.7% 28%
ROA (Net income/ Total Assets) 17% -10.1% -11.7% -3.76% 15.1% 16.1% 16.6% 18.6%
Assets 1 1,443 2,074 2,445 2,338 2,196 2,084 2,367 2,468
Book Value Per Share 2 0.8800 0.7100 0.4800 - 0.7000 0.9300 1.070 1.380
Cash Flow per Share 2 0.2500 0.0300 -0.0600 0.1500 0.4300 0.5300 0.5300 0.6000
Capex 1 158 141 29.8 117 59.6 180 156 164
Capex / Sales 11.41% 33.06% 17.78% 16.44% 4.12% 10.33% 7.84% 7.49%
Announcement Date 3/1/20 2/22/21 2/28/22 2/27/23 2/26/24 - - -
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
7.1 THB
Average target price
10.21 THB
Spread / Average Target
+43.85%
Consensus
  1. Stock Market
  2. Equities
  3. SPA Stock
  4. Financials Siam Wellness Group